REG - Nostrum Oil & Gas - Re-Start of Gas Treatment Unit 3

Nostrum Oil & GasAnnouncement

04/09/2023 07:00

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RNS Number : 1970L  Nostrum Oil & Gas PLC  04 September 2023

 

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RELEVANT LAWS OF THAT JURISDICTION

 

 

FOR IMMEDIATE RELEASE

 

 

London, 4 September 2023

 

Re-Start of Gas Treatment Unit 3

 

Nostrum Oil & Gas PLC (LSE: NOG) ("Nostrum", or the "Company" and together
with its subsidiaries, the "Group"), an independent oil and gas company
engaging in the production, development and exploration of oil and gas in the
pre-Caspian Basin, today announces the successful re-start of its
state-of-the-art gas treatment unit 3 ("GTU-3").

 

Further to the Company's report on the GTU-3 re-start project status in its
operational update on the 22 August 2023, the Company is pleased to announce
that it has now safely and successfully completed the re-start of its c.$750
million state-of-the-art GTU-3 gas plant, with 2.5 billion cubic metres per
annum gas processing capacity. The Company has completed the modifications and
other works on GTU-3 subsequent to its commissioning and startup in 2019. The
plant employs cutting-edge turbo-expander technology enabling improved
efficiency in the extraction of LPG; the upgrades also reduced the plant
operating turndown capacity.  GTU-3 is operating as per design and delivering
dry gas, LPG, and condensate to sales specifications.

 

Arfan Khan, Chief Executive Officer, commented:

 

"The flawless re-start of GTU-3 is a testament to the superb skill, dedication
and team effort by our engineering and operations teams. This is an important
milestone for the Company as it demonstrates the operational excellence of our
combined 4.2 bcma gas process infrastructure in North West Kazakhstan, and it
is now ready to receive third-party gas, in addition to receiving the
feedstock from Ural Oil & Gas LLP expected to start in Q4 2023."

 

LEI: 2138007VWEP4MM3J8B29

 

Further information

For further information please visit www.nostrumoilandgas.com
(http://www.nostrumoilandgas.com)

 

Further enquiries

Nostrum Oil & Gas Plc

Petro Mychalkiw, Chief Financial Officer

ir@nog.co.uk (mailto:ir@nog.co.uk)
 

 

Instinctif Partners -
UK
 

Tim McCall

Galyna Kulachek

Vivian Lai

+ 44 (0) 207 457 2020

nostrum@instinctif.com (mailto:nostrum@instinctif.com)

 

About Nostrum Oil & Gas

Nostrum Oil & Gas PLC is an independent oil and gas company currently
engaging in the production, development and exploration of oil and gas in the
pre-Caspian Basin. Its shares are listed on the London Stock Exchange (ticker
symbol: NOG) and the Astana International Exchange (ticker symbol: NOG). The
principal producing asset of Nostrum Oil & Gas PLC is the Chinarevskoye
field, which is operated by Zhaikmunai LLP, a wholly-owned subsidiary of
Nostrum Oil & Gas PLC and the sole holder of the subsoil use rights with
respect to the development of the field.

 

Forward-Looking Statements

Some of the statements in this document are forward-looking. Forward-looking
statements include statements regarding the intent, belief and current
expectations of the Company or its officers with respect to various matters.
When used in this document, the words "expects", "believes", "anticipates",
"plans", "may", "will", "should" and similar expressions, and the negatives
thereof, are intended to identify forward-looking statements. Such statements
are not promises nor guarantees and are subject to risks and uncertainties
that could cause actual outcomes to differ materially from those suggested by
any such statements.

 

No part of this announcement constitutes, or shall be taken to constitute, an
invitation or inducement to invest in the Company or any other entity, and
shareholders of the Company are cautioned not to place undue reliance on the
forward-looking statements. Save as required by the relevant listing rules and
applicable law, the Company does not undertake to update or change any
forward-looking statements to reflect events occurring after the date of this
announcement.

 

 

 

 

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